Metric Mate Shark Tank Episode 11 Update & Net Worth

Metric Mate Shark Tank Episode 11 Update & Net Worth

Metric Mate made its appearance on Shark Tank Season 14, Episode 11, with founders Braxton Davis, M.T. Strickland, and Ecleamus Ricks seeking $100,000 for 5% equity.

The entrepreneurs introduced their innovative smart fitness product designed to track workout performance and provide real-time data through a mobile app.

 Despite a compelling pitch, the founders ultimately left the tank without a deal. However, their appearance on Shark Tank provided a significant boost in visibility for their business. Metric Mate is currently valued at $2 million and continues to grow as an innovative player in the fitness technology space.

What is Metric Mate? How Does it Work?

Metric Mate is a smart fitness device that tracks and analyzes workout data to help users achieve their fitness goals more efficiently. The core of the technology is the T.A.P. (Training Accountability Partner) Sensor, which can be attached to various gym equipment to monitor the user’s performance in real-time.

 The sensor connects via Bluetooth to the Metric Mate app, where the data is stored, analyzed, and presented to the user.

 The app acts as a virtual personal trainer, providing feedback, progress tracking, and motivational insights. Users can also share their workout results on social media, fostering a community of fitness enthusiasts who can encourage each other.

The Metric Mate device is particularly valuable for personal trainers and fitness professionals, as it offers an accurate way to track clients’ progress and ensure they are meeting their workout targets.

Additionally, it caters to individual fitness enthusiasts who want to monitor their performance and stay accountable to their fitness goals.

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Metric Mate Shark Tank Episode 11 Season 14: What Happened at Shark Tank Pitch?

In Shark Tank Season 14, Episode 11, Braxton Davis, M.T. Strickland, and Ecleamus Ricks pitched Metric Mate to the sharks, asking for $100,000 in exchange for 5% equity, valuing the company at $2 million.

The three founders, all of whom hold engineering degrees, presented their innovative fitness technology that transforms traditional workout equipment into smart devices through their T.A.P. Sensor.

During the pitch, the entrepreneurs explained that the T.A.P. Sensor could be manufactured at a cost of $100 per unit, with a planned retail price of $200. They highlighted their strategy of initially targeting personal trainers and fitness professionals, with the eventual goal of expanding to direct consumer sales once sufficient funding was secured.

While the sharks were impressed with the technology, they expressed concerns about the business model and the valuation. Mark Cuban praised the product as a “great consumer idea” but decided it wasn’t the right fit for him.

 Lori Greiner felt that the product needed further simplification before it could be widely adopted and opted out. Barbara Corcoran and guest shark Tony Xu both found the company too early in its development stage for their investment.

The most serious offer came from Kevin O’Leary, who offered $100,000 for 25% equity, leveraging his previous investment in a fitness-related company, PRx Performance, to assist in manufacturing and scaling Metric Mate.

The founders countered with $100,000 plus a $150,000 line of credit for 12.5% equity, but Kevin rejected this counteroffer, sticking to his original terms. The founders then proposed $200,000 for 20% equity, but Kevin remained firm, and the deal ultimately fell through.

Metric Mate Shark Tank Pitch Summary

What Happened To Metric Mate After Shark Tank?

After their appearance on Shark Tank, Metric Mate did not secure an investment, but the exposure significantly boosted the company’s visibility.

The founders reported a surge in interest and website traffic following the episode’s airing, with over 50,000 visitors checking out the product within a few weeks. The T.A.P. Sensor is currently available for pre-order on the company’s website, priced at $199.

Although the sharks did not invest, the feedback they provided helped the Metric Mate team refine their business strategy. The founders have continued to focus on product development, marketing, and forming partnerships with fitness professionals and gyms to promote their technology. The company has also expanded its marketing efforts, using social media and fitness influencers to reach a broader audience.

Metric Mate has maintained its presence in the fitness tech market and continues to attract attention from industry professionals. The company has also partnered with organizations like Techstars and Cox Enterprises to support its growth and expansion efforts.

How Much Is Metric Mate Worth?

Metric Mate is currently valued at $2 million. The company has secured investments in the past and has leveraged partnerships with organizations like Techstars and Cox Enterprises to further its growth. The fitness technology industry is a competitive and rapidly growing market, and Metric Mate is positioned as an innovative solution for more accurate workout tracking.

The company’s valuation reflects its potential in the market, as well as the value of its proprietary technology. As Metric Mate continues to expand its product offerings and build its customer base, the company’s worth is expected to increase, particularly as it gains traction in the consumer market.

Is Metric Mate Still in Business?

Yes, Metric Mate is still in business as of July 2024. The company continues to develop and promote its T.A.P. Sensor and companion app, with a focus on reaching fitness professionals and individual consumers.

 Despite not securing a deal on Shark Tank, Metric Mate has maintained its momentum and is working towards scaling its operations and increasing its market presence.

The founders remain committed to their vision of providing an innovative solution for fitness tracking and accountability. With ongoing product development and strategic partnerships, Metric Mate is poised to continue growing in the competitive fitness technology market.

Which Episode Number was Metric Mate on Shark Tank?

Metric Mate was featured on Shark Tank Season 14, Episode 11, which aired on January 13, 2023. The episode showcased the company’s innovative approach to fitness tracking and the founders’ efforts to secure an investment to help scale their business.

Although the founders left the tank without a deal, their appearance on the show provided valuable exposure and helped elevate the Metric Mate brand.